Swiss National Bank Buys 2,300 Shares of MongoDB, Inc. (NASDAQ:MDB)

Swiss National Bank raised its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 1.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,700 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Swiss National Bank owned approximately 0.29% of MongoDB worth $58,855,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. MFA Wealth Advisors LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp grew its holdings in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP increased its stake in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of MongoDB in the second quarter valued at about $35,000. Finally, GAMMA Investing LLC lifted its position in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. DA Davidson upped their price objective on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Barclays lifted their target price on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Needham & Company LLC upped their price target on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Mizuho lifted their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $336.54.

MongoDB Stock Up 1.7 %

Shares of MDB stock opened at $289.15 on Wednesday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $278.06 and a 200-day moving average of $273.04. The company has a market capitalization of $21.36 billion, a price-to-earnings ratio of -95.74 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.63) EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the transaction, the director now directly owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,600 shares of company stock worth $7,034,249. Corporate insiders own 3.60% of the company’s stock.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.